Downsides to a DAO
1. Developers cannot guarantee the security of DAO.
2. Members of the organization are obliged to obey the opinion of the majority.
3. It can take a long time to decide on project development.
Why this matters?
Security, Accessibility, Speed.
#SFM
💙
Leet
14
21
157
Replies
@LeetCoins
Should we talk about how a DAO requires sfm to produce a blockchain…. Or are we just daoing like school kids?
9
1
33
@LeetCoins
DOA’s are generally run and dominated by the crypto whales, since each token gets a vote and whales hold the most tokens.
4
2
26
@LeetCoins
Matt can start his own project, Mark can write the code and they can DAO it together
0
0
4
@LeetCoins
Yep, this is what Logan Paul explained about his NFT project as a DOA to Andrei Jikh channel and the ones that make the decisions are the early investors. The difference is he's not building any technology, exchange, blockchain etc which a DAO works for his project not SFM.
2
0
3
@LeetCoins
Better than being in a single hand who is ruthless in stealing the hard earned money of
#SFM
investors from the LP.
0
0
0